Salim makes a profit of 15% by selling a cycle at RS 4140. At what price should he sell it to make a profit of 18% ?
Salim makes a profit of 15% by selling a cycle at RS 4140. At what price should he sell it to make a profit of 18% ?
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ANS:
Let the C.P. of cycle be x.
Salim is selling at 15% profit.
=>S.P. of cycle =1.15x=RS.4140
=>x=RS.3600
To make 18% profit ,he should
3600*1.18=4248rs
he ust sell at 4248 to make 18% profit